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reservation wagesin the mid-1980s a famous supermodel once said that she would not get out of bed for less than 10000
bargaining power and wage determinationeven in the absence of collective bargaining workers do have some bargaining
the existence of unemploymenta suppose the unemployment rate is very low how easy is it for firms to find workers to
go to the web site maintained by the us bureau of labor statistics wwwblsgov find the latest employment situation
the typical dynamics of unemployment over a recessionthe table below shows the behavior of annual real gdp growth
assume that the potato chip industry in the northwest in 2011 was competitively structured and in long-run competitive
aggregate demand shocks and the medium runsuppose the economy begins with output equal to its natural level then there
the less paradoxical paradox of saving a chapter problem at the end of chapter 3 considered the effect of a drop in
the bush-greenspan policy mixin 2001 the fed pursued a very expansionary monetary policy at the same time president
using the information in this chapter label each of the following statements true false or uncertain explain brieflya
the effects of a permanent decrease in the rate of nominal money growthsuppose that the economy can be described by the
demand shocks and demand management assume that the economy starts at the natural level of output now suppose there is
suppose that the interest rate has no effect on investmenta can you think of a situation in which this may happenb what
the neutrality of moneya in what sense is money neutral how is monetary policy useful if money is neutralb fiscal
restaurant pricing consider a restaurant that charges 10 for all you can eat and has 30 customers at this price the
consumer compensation consider the story of coca-cola and the scoreboard in the chapter your job is to fully compensate
the national park service monopoly the national park service grants a single firm the right to sell food and other
airline pricing consider an airline that initially has a single price of 300 for all consumers at this price it has 120
consider a market with two firms managed by harry and vera under a cartel both firms pick the high price each firm
got milk bessie and george are milk producers and each must decide whether to spend 7 million on an advertising
automobile advertising consider two automobile companies that are considering advertising campaigns if neither firm
ninja turtles versus tai chi frogs the demand for fantasy amphibians is linear with a slope of 001 per amphibian the
continuing with the logic from problem 7 suppose that the economys production function is given by y k13n23 and that
the cobb-douglas production function and the steady statethis problem is based on the material in the chapter appendix
suppose you purchase a 5000 bond that pays 7 percent interest annually and matures in five years if the inflation rate